PCV leads automotive collision repair market owing to the increasing vehicle production across the globe. Rising preference towards SUVs and crossovers along with availability of multiple vehicle models at lower costs will ensure its dominance over study timeframe. Moreover, automobile manufacturers are focusing on improving the car servicing experience by introducing premium lounge and other services for enhancing the overall customer experience.
Recently, one of the leading giants in paints and coatings industry, AkzoNobel, has developed a real-time digital tool for repairing automotive bodies, which can save considerable time and money. The increasing number of innovations in repairing facilities is thus likely to stimulate automotive collision repair market size, which will generate a revenue of more than USD 275 billion by the end of 2024.
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The robustly increasing demand for automobiles across the globe has been favorably influencing automotive collision repair market, owing to the surging need to repair vehicles after accidents and other mishaps, that lead to severe damage on the vehicle body. Taking into account the escalating requirement of vehicle repair and maintenance, most of the OEM’s have been making investments in paint shops and vehicle body centers, not to mention, even standard collision certification programs for local body shops
Eventually, initiatives similar to those of GM are expected to increase automotive collision repair market share from the aftermarket. According to estimates in fact, automotive collision repair industry size from aftermarket is predicted to register the a commendable CAGR among any of the end-users of the market.
Europe leads automotive collision repair market owing to presence of major automobile industry players. According to European Automobile Manufacturers Association, passenger car and commercial vehicle owners rely heavily on OEMs. Asia Pacific will witness strong growth with increasing automotive production across the region. Further the presence of major automobile manufacturers engaged in offering multiple variants including SUVs, sedans, hatchbacks, and crossovers are further supporting the industry growth till 2024.
Browse key industry insights spread across 300 pages with 293 market data tables & 11 figures & charts from the report, “Automotive Collision Repair Market” in detail along with the table of contents: https://www.gminsights.com/industry-analysis/automotive-collision-repair-market-report
Major Table of Content: –
Chapter 1. Methodology and Scope
1.1.1. Initial data exploration
1.1.2. Statistical model and forecast
1.1.3. Industry insights and validation
1.1.4. Scope, definition and forecast parameters
1.2. Data Sources
Chapter 2. Executive Summary
2.1. Automotive collision repair industry 3600 synopsis, 2013 – 2024
2.1.1. Business trends
2.1.2. Product trends
2.1.3. Vehicle trends
2.1.4. End use trends
2.1.5. Auto body shops trends
2.1.6. Regional trends
Browse complete Table of Contents (ToC) of this research report @ https://www.gminsights.com/toc/detail/automotive-collision-repair-market-report
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